Bank Fetches $9.4 Million

May 18, 1988

Suburban Bancorp Inc. plans to pay about $9.4 million for Continental Illinois Corp.`s bank in Oakbrook Terrace, according to a filing with the Federal Reserve Board. The price represented 172 percent of the Oakbrook Terrace bank`s book value as of the end of 1987. Suburban also plans to buy related real estate in Du Page County from Continental for $3.5 million.